Loan & DebtAug 5, 2026, 09:56 AM
Carnival to Redeem $500M 7.000% Senior Secured Notes
AI Summary
Carnival Corporation announced the redemption of all $500 million aggregate principal amount of its 7.000% First-Priority Senior Secured Notes due 2029. The redemption will occur on August 15, 2026, at a price of 103.50% of the principal amount. This action follows the notes becoming unsecured on June 25, 2026, after the company received a second investment grade credit rating.
Key Highlights
- Carnival to redeem $500,000,000 aggregate principal amount of notes.
- Notes are 7.000% First-Priority Senior Secured Notes due 2029.
- Redemption date is August 15, 2026.
- Redemption price is 103.50% of the principal amount.
- Notes became unsecured on June 25, 2026, after a second investment grade credit rating.
- Accrued and unpaid interest will be paid to holders of record on July 31, 2026.
Price Impact
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